Per realtor.com and trulia.com
Average home price in San Diego county, $529,000. (My house here was $690,000 at purchase)
Average home price in Pulaski county, Little Rock Arkansas basically, is $176,000. (House I want there is $300,000)
With putting $40,000 down your mortgage, 30 year fixed, 3.9% is $2,312 in San Diego and $643 in San Diego.
I'm not so sure that I really can say San Diego is 4 times better than Little Rock. You could probably make me agree to twice as good, but not 4 times.......
Of just looking at my personal finances my mortgage from here to there will be about $2,700 a month cheaper. Yeah, that's saving $32,400 a year just in house payments.
Which to be honest I'll spend directly on the three motorcycles I want, so that's not really a good example..... hahaha. But it means I could pay cash for them, and that's way better than a loan for three motorcycles!
This is just a little paper and pencil exercise as I'm kinda tired of defending my choice to move to Little Rock to people in San Diego.
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